Construction stocks extend decline sharply as SunCon falls over 10%
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Sunway Construction posts 16% rise in 1Q net profit, eyes more advanced jobs
“The group is optimistic of registering a positive growth in FY2024 supported by our strong existing outstanding order book” totalling RM6.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
SunCon receives RM253m refurbishment contract from Sunway REIT
SunCon said the project is expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2023 onwards.
SunCon 1Q net profit down 20% on lower contribution in construction segment
Liew said the group replenished a new order book worth RM1.
SunCon receives additional RM606.6 mil worth of works for South Quay Square project
The contract is issued by Sunway South Quay Sdn Bhd (SSQ) to SunCon’s subsidiary Sunway Construction Sdn Bhd (SCSB).
SunCon receives Johor Bahru-Singapore RTS contract worth RM604.86 mil
On March 23, SunCon announced to Bursa Malaysia that its wholly-owned subsidiary Sunway Construction Sdn Bhd had signed the Letter of Acceptance in respect for the proposed construction and completion of Package 1B and Package 5 for the RTS project.
Absence of new infrastructure projects a dampener on construction sector, says RHB Research
Meanwhile, the potential reduction in project cost for the MRT3, from RM50.
SunCon's 4Q net profit falls nearly 30% y-o-y on lower contribution from construction segment
Revenue for the construction segment rose 22.
Sunway Construction secures RM218.7 mil PV plant construction project in Perak
The group's wholly-owned unit, Sunway Construction Sdn Bhd, received the letter of award from Gopeng Bhd's subsidiary GBS Suria Sdn Bhd, said SunCon in a bourse filing.
